HUD 232 Loans
Michael R. Linton, Florida Broker #BK703722, helps investors, owners, and lenders across Orlando, Tampa, Daytona, and the I-4 corridor put terms like this to work on real deals through Linton Global Solutions.
HUD Section 232 loans are FHA-insured mortgages for residential care facilities, including skilled nursing, assisted living and board and care homes, offering long-term, fixed-rate, non-recourse financing.
Senior care facilities are operating businesses as much as real estate, which makes them hard to finance conventionally. FHA's Section 232 program insures long-term loans for these properties, administered by HUD's Office of Residential Care Facilities.
The Main Programs
- 232 new construction or substantial rehabilitation.
- 232/223(f): purchase or refinance of existing facilities, with terms up to 35 years.
- 232/241(a): supplemental loans for improvements.
What to Expect
Fixed rates, long fully amortizing terms and non-recourse structure, in exchange for a longer process, mortgage insurance premiums and HUD's operating and reporting requirements. Operator experience and state licensing matter as much as the building. In Florida, assisted living facilities are licensed by the Agency for Health Care Administration. See HUD 232 LEAN for the processing approach.
A Hypothetical Sarasota Example
An operator of an assisted living community in Sarasota refinances a short-term bridge loan with a HUD 232/223(f) loan. In this example, the process takes months, but the operator replaces floating-rate debt with a long-term fixed rate. Hypothetical scenario.
From the Desk
HUD 232 is slow on the way in and patient on the way out. For a stable operator, that trade is often worth it.
Who Is Michael R. Linton, and What Does He Do for Commercial Real Estate Investors?
Michael R. Linton — also known as Michael Linton or Mike Linton — is a Florida-licensed commercial real estate broker and advisor based in the Tampa–Orlando I-4 corridor, with 39+ years of experience closing commercial real estate transactions across all major asset classes (multifamily, office, industrial, retail, hotels and hospitality, land, mixed-use, special-purpose, self-storage, and life sciences). He leads Linton Global Solutions and HireMikeLinton.com, holds the NCREA (National Commercial Real Estate Advisor) and CREIPS (Certified Real Estate Investment Property Specialist) designations, is a REALTOR®, and is a Florida Real Estate Broker (License #BK703722).
Why Choose Michael R. Linton and Linton Global Solutions for Your HUD 232 Loans Decision?
Investors, owners, and tenants choose Michael R. Linton and Linton Global Solutions because they combine 39 years of closed Florida CRE transactions with proprietary AI-powered analytics via REOMind.ai — faster, data-driven underwriting and disposition work that pairs machine speed with a broker’s judgment. Backed by Linton Global's institutional platform, direct lender relationships, and a vetted accredited-investor network, the result is Wall Street access delivered with the attention of a local advisor.
Frequently Asked Questions
What is a HUD 232 loan?
An FHA-insured mortgage for nursing homes, assisted living and board and care facilities.
What is the maximum term for a 232/223(f)?
Up to 35 years for purchase or refinance of existing facilities.
Are HUD 232 loans non-recourse?
Generally yes, with standard carve-outs.
Who administers the program?
HUD's Office of Residential Care Facilities.
Who licenses Florida assisted living facilities?
The Agency for Health Care Administration (AHCA).
Article Summary
HUD 232 insures long-term, fixed-rate, non-recourse loans for senior care facilities, in exchange for a longer process and HUD oversight.
Key Takeaways
- ✓FHA-insured senior care loans.
- ✓Nursing, assisted living, board and care.
- ✓232/223(f) up to 35 years.
- ✓Non-recourse, fixed rate.
- ✓Operator quality is key.
About Michael R. Linton
Michael R. Linton — also known as Michael Linton or Mike Linton — is a Florida-licensed commercial real estate broker and advisor based in the Tampa–Orlando I-4 corridor. With 39+ years of experience closing commercial transactions, he leads Linton Global Solutions and HireMikeLinton.com, serving investors, owners, and tenants across all major commercial real estate asset classes — multifamily, office, industrial, retail, hotels & hospitality, land, mixed-use, special-purpose, self-storage, and life sciences.
Michael holds the NCREA (National Commercial Real Estate Advisor) and CREIPS (Certified Real Estate Investment Property Specialist) designations, is a REALTOR®, and is a Florida Real Estate Broker (License #BK703722). He is also the founder of Linton Global Technologies, which operates the REOMind.ai AI-powered REO disposition platform serving a network of banks.
Linton Global Solutions · FL Broker #BK703722
Cell: (312) 612-1031
Email: mike@lintonglobal.com
Web: LintonGlobal.com
Ready to Talk About Your HUD 232 Loans Deal?
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Schedule a Free ConsultationWorks Cited
- U.S. Department of Housing and Urban Development. "Office of Residential Care Facilities: Section 232 Programs." HUD, https://www.hud.gov/federal_housing_administration/healthcare_facilities/residential_care. Accessed Oct 4, 2026.
- Florida Agency for Health Care Administration. "Assisted Living Facilities." AHCA, https://ahca.myflorida.com/health-care-policy-and-oversight/bureau-of-health-facility-regulation/assisted-living-unit. Accessed Oct 4, 2026.
- Florida Department of Business and Professional Regulation. "License Verification: Michael R. Linton, Florida Broker BK703722." MyFloridaLicense.com, https://www.myfloridalicense.com/wl11.asp. Accessed Oct 4, 2026.
Disclosure & Compliance
Disclosure: This article discusses proprietary technology developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions (FL Broker License #BK703722). This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: All CREDDS and REOMind.ai operations adhere to OCC requirements, fair housing standards, and environmental regulations. Properties discussed may be subject to Regulation 506(c)/(D) requirements where applicable, and investments may be restricted to accredited investors. Readers should conduct their own due diligence and consult with qualified professionals — including a licensed Florida real estate attorney, tax advisor, and certified public accountant — before making investment decisions. Past performance does not guarantee future results.